Business Transactions

Offer instant bank reconciliation from 1,800+ banks 
and payment providers across Europe

Let your customers sync their bank accounts in one click and get transaction data instantly, including 3 months history and daily updates with 99.7%+ availability.

  • 5M+Bank accounts connected and refreshed daily
  • 200M+Transactions synced monthly
  • 1,800+Banks connected across 14 European countries

Hook customers at sign-up
with instant bank & payment reconciliation

  • Connect 1800+ banks and payment providers

    Instant, universal connection to business bank accounts & payment wallets across Europe.

  • Transaction data and invoice details

    Product-level sales data including VAT and PSP commission on wallets & business neobanks.

  • Instant history & live refresh

    Minimum 3 months of transaction history, up to 24m. Live refresh for 6m with daily updates.

  • Optimized for connectivity success

    From QR code authentication to re-connection alerts,  Powens ensures data is always synced.

How it works

  • Step 01

    Prompt the Powens connection

  • Step 02

    The user logs in with its bank and consents to account access

  • Step 03

    Our API sends you the data and widget to your user updates it periodically

The bank coverage was a key factor in choosing Powens, especially since Qonto operates in several countries

“France, Spain, Italy and Germany: each country has its own specific banking integration needs, and when we wanted to aggregate accounts from other banks, we had to consider these local specifics”

Maxime ChampouxHead of Product
Why Powens

Why Powens for Open Banking transactions?

  • Committed performance

    Our average connection success rate is >98% on Tier A banks and we commit to a minimum of 95%. Our connection widget provides up to 80% completion rate.

  • Proven superior service

    Customers record that we have~2x less connectivity outages than competitors running in parallel. Our enterprise customer service is also praised for its responsiveness and expertise.

  • BSME connectivity leader

    With 100+ customers in accounting, cash management, expense management and more, Powens has continuously invested for business SaaS. That’s why we provide PSP connectivity, specific SME cash balances, etc.

Book a meeting with a bank expert

Let’s build the future of Open Finance together

Interested in becoming a partner? Contact us and our team will get in touch with you.

While Transactions focuses on consumer bank accounts, Business Transactions adds connectivity to business-specific sources: in addition to 1,800+ banks, it connects to top PSP wallets (PayPal, Stripe, GoCardless,…) and business neobanks, providing product-level sales data including VAT and PSP commission details on select connectors.

Businesses connect their bank accounts and PSP wallets in one click, getting transaction data instantly including 3+ months history with daily updates. This powers automatic bank reconciliation between invoices and transactions, real-time cash management, and expense categorisation.

With 100+ customers in accounting, cash management and expense management including Qonto, Pennylane, Agicap, EBP, Wolters Kluwer and much more, Powens has continuously invested in business SaaS needs. It provides PSP connectivity, specific SME cash balances, and connects 350,000+ business bank accounts and payment wallets of more than 200k SMEs across Europe, processing 200M bank transactions monthly.

Business Transactions includes ready-to-use widgets for bank selection and authentication, automatic data deduplication, and admin dashboards for monitoring. These are fully managed so customers can focus on building their application rather than managing bank connectivity.

Business Transactions is primarily used by accounting software, invoicing platforms, cash management tools, expense management solutions and property management software. Notable customers include leaders like Qonto and Pennylane, as well as established players like Wolters Kluwer.

Frequently Asked Questions